The gold price has faced stiff resistance at $1,800 an ounce for some time, but it finally broke through that level on Friday. It came close several times on Thursday following the Federal Open Market Committee meeting on Wednesday, but today’s move above the psychological $1,800 an ounce level is an important move for gold. Q3 2021 hedge fund letters, conferences and more Still WaitingKitco says it’s too early to call today’s move a breakout yet due to traffic above the current level. A review of the four-hour chart shows the gold price trading higher than the volume point of control, a criti…

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